Reason #23,071 Why We Are In A Recession
Publishing companies think that a book by Rod Blagojevich would sell well enough to justify a six-figure contract.
Former Gov. Rod Blagojevich (D-Ill.) has landed a six-figure book, his book publisher announced Monday.
The former governor signed with independent publisher Phoenix Books. The exact terms of the deal were not disclosed, but the figure is significantly less than the amount paid for other major political memoirs, including one from Obama campaign manager David Plouffe, who landed more than $1 million for his book.
Somehow, I doubt the publisher is going to make its money back.
(link via Conor Clarke)